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Young's Market Co., a wholesaler of spirits, wines and other goods, 
said it will merge with a new corporation formed by the Underwood 
family, which controls Young's. Under terms of the agreement, 
shareholders other than the Underwoods will receive $3,500 a share 
at closing, which is expected in December. The Underwood family said 
that holders of more than a majority of the stock of the company have 
approved the transaction by written consent.
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